Peel Hunt Reaffirms “Buy” Rating for Saga PLC (SAGA)
Saga PLC (LON:SAGA)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a report released on Wednesday. They currently have a GBX 250 ($3.12) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 29.13% from the company’s current price.
A number of other brokerages also recently commented on SAGA. Beaufort Securities restated a “buy” rating on shares of Saga PLC in a research note on Thursday, September 22nd. Numis Securities Ltd reissued an “add” rating and issued a GBX 235 ($2.94) price target on shares of Saga PLC in a research note on Wednesday, September 21st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 190 ($2.37) price target on shares of Saga PLC in a research note on Thursday, September 15th. Finally, Canaccord Genuity cut Saga PLC to a “hold” rating and set a GBX 225 ($2.81) price target for the company. in a research note on Tuesday, September 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 230 ($2.87).
Saga PLC (LON:SAGA) opened at 193.60 on Wednesday. Saga PLC has a 52 week low of GBX 170.80 and a 52 week high of GBX 227.38. The firm’s market cap is GBX 2.16 billion. The company has a 50-day moving average of GBX 200.83 and a 200 day moving average of GBX 207.41.
The company also recently announced a dividend, which was paid on Friday, November 18th. Investors of record on Thursday, October 6th were paid a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a yield of 1.21%.
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Saga PLC Company Profile
Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.
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